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14 January 2016

EU Commission finds Belgium granted illegal state aid and orders recovery

The European Commission (the Commission) rendered its final decision in a state aid investigation case relating to Belgium on January 11. The Commission believes that Belgium granted selective tax advantages to several Belgium resident companies who in turn form part of multinational company (MNC) groups. The Commission ordered Belgium to recover the alleged advantages from the taxpayers involved for a total estimated amount of around €700 million.

A Tax Alert prepared by Ernst & Young Belgium, and attached below, provides additional details.

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Document ID: 2016-0089

 

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